Quick facts: La crescent, MN

Quick Facts

102.8
Cost of Living
above US average
5,344
Population
2.25
Crime Rate per 1000
below US average
$70,813
Median Income
below US average
$259,900
Median House Price
above US average
$895.0
Average Rent
below US average
8%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $70,813.

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Income Needed to Buy

βœ— Stretch
$82k/year
Based on $259,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $82k vs median $70,813
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Income Needed to Rent

βœ“ Affordable
$38k/year
Based on $895.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,813) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for La crescent, MN

La Crescent is a charming city located in Houston County, Minnesota, along the Mississippi River. Nestled adjacent to the city of La Crosse, Wisconsin, it offers a small-town atmosphere with easy access to urban amenities. La Crescent is known for its beautiful landscapes, featuring rolling hills and scenic views, particularly in its renowned apple orchards that bloom vibrantly in spring. The city has a rich history, with roots dating back to the 19th century. It boasts several parks and recreational areas, making it ideal for outdoor enthusiasts. Residents and visitors can enjoy hiking, biking, and fishing along the river. La Crescent also hosts events such as the annual Applefest, celebrating its apple-growing heritage. Home to a friendly community, La Crescent offers a mix of local shops, restaurants, and essential services, fostering a close-knit vibe. The city's educational institutions are well-regarded, contributing to the overall quality of life. With its blend of natural beauty and community spirit, La Crescent is a delightful place to live or visit.

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